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Employer Identification Number 23-2411680

ACADEMIC PROPERTIES INC is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:ACADEMIC PROPERTIES INC
Employer identification number (EIN):23-2411680
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:611000
401k Pension/Benefits registration ACADEMIC PROPERTIES INC 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code
State of IncorporationiPennsylvania, PA

Organization Overview

Mission StatementACQUIRES AND IMPROVES PROPERTIES OF STRATEGIC IMPORTANCE TO THE FUTURE GROWTH OF DREXEL UNIVERSITY.
Number of Employees11
Number of Volunteers0
Year Formed1986

Organization Governance

Legal DomicilePA
Voting Members - Governing Body8
Voting Members - Independent2

Organization Financials

2018-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 6,251,278
Program Service Revenue from current yearUSD $ 4,880,354
Investment Income from prior yearUSD $ 10,780
Investment Income from current yearUSD $ -5,882,253
Other Revenue from prior yearUSD $ 3,812,090
Other Revenue from current yearUSD $ 2,418,569
Gross receipts from all sourcesUSD $ 9,574,996
Net assets / fund balances at end of fiscal yearUSD $ 25,968,719
Net assets / fund balances at beginning of fiscal yearUSD $ 32,252,077
Total liabilities at end of fiscal yearUSD $ 1,127,218
Total liabilities at beginning of fiscal yearUSD $ 947,057
Total assets at end of fiscal yearUSD $ 27,095,937
Total assets at beginning of fiscal yearUSD $ 33,199,134
Revenues less expenses for current yearUSD $ -5,398,052
Revenues less expenses for previous yearUSD $ 2,847,272
Total expenses for current yearUSD $ 6,814,722
Total expenses for previous yearUSD $ 7,226,876
Other expenses in current yearUSD $ 6,259,032
Other expenses in previous yearUSD $ 6,681,603
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 555,690
Employee salary and benefits paid in previous yearUSD $ 545,273
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,416,670
Total revenue in previous fiscal yearUSD $ 10,074,148
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 570,400

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 232411680

USA Mailing Address
3601 POWELTON AVE
LOWER LEVEL
PHILADELPHIA
PA
19104
Date first seen: 2007-01-01
Date last seen: 2021-06-30
USA Location Address
3601 POWELTON AVE
LOWER LEVEL
PHILADELPHIA
PA
19104
Date first seen: 2007-01-01
Date last seen: 2021-06-30
USA Mailing Address
LOWER LEVEL
3601 POWELTON AVE
PHILADELPHIA
PA
191042372
Date first seen: 2017-02-21
Date last seen: 2018-02-19
USA Location Address
LOWER LEVEL
3601 POWELTON AVE
PHILADELPHIA
PA
191042372
Date first seen: 2017-02-21
Date last seen: 2021-07-22

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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